The results of a survey conducted in China in March 2019 showed that around 61.8 percent of respondents spent up to ten percent of their household income on luxury goods and services in the past one year. Around two percent of respondents said they spent more than 30 percent of income on luxury purchases.
Household income share spent on luxury goods and services by Chinese consumers in the past one year as of March 2019
Characteristic
Share of respondents
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Fortune. (June 15, 2019). Household income share spent on luxury goods and services by Chinese consumers in the past one year as of March 2019 [Graph]. In Statista. Retrieved July 28, 2024, from https://www.statista.com/statistics/447048/china-luxury-goods-spend-household-income-share/
Fortune. "Household income share spent on luxury goods and services by Chinese consumers in the past one year as of March 2019." Chart. June 15, 2019. Statista. Accessed July 28, 2024. https://www.statista.com/statistics/447048/china-luxury-goods-spend-household-income-share/
Fortune. (2019). Household income share spent on luxury goods and services by Chinese consumers in the past one year as of March 2019. Statista. Statista Inc.. Accessed: July 28, 2024. https://www.statista.com/statistics/447048/china-luxury-goods-spend-household-income-share/
Fortune. "Household Income Share Spent on Luxury Goods and Services by Chinese Consumers in The past One Year as of March 2019." Statista, Statista Inc., 15 Jun 2019, https://www.statista.com/statistics/447048/china-luxury-goods-spend-household-income-share/
Fortune, Household income share spent on luxury goods and services by Chinese consumers in the past one year as of March 2019 Statista, https://www.statista.com/statistics/447048/china-luxury-goods-spend-household-income-share/ (last visited July 28, 2024)
Household income share spent on luxury goods and services by Chinese consumers in the past one year as of March 2019 [Graph], Fortune, June 15, 2019. [Online]. Available: https://www.statista.com/statistics/447048/china-luxury-goods-spend-household-income-share/